HSBC Holdings plc (Hong Kong) (HKG:0005) HEFFX Highlights HSBC has admitted it was “wrong” to predict a deep dive in the value of the pound this year, as the banking giant’s bearish currency analysts were forced to revise up their forecasts. The bank had previously said sterling might end the year at $1.20 and parity […]

China Telecom Corporation Limited (HKG:0728) HEFFX Highlights China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA, the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday. Ricardo Malavazi Martins, Oi’s chief financial officer, said at the sidelines of an event in Rio […]

Bank of China Ltd (HKG:3988) HEFFX Highlights A Bank of China executive has backed the City of London to help manage the risk posed by Beijing’s mammoth infrastructure programme, the belt and road initiative. Sun Yu, general manager of the bank’s London branch, said the capital’s powerhouse financial sector could be a “solution provider” for […]

Tencent Holdings Ltd (HKG:0700) HEFFX Highlights Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet […]

Tencent Holdings Ltd (HKG:0700) HEFFX Highlights Tencent Holdings Ltd announced plans on Monday to pour money and resources worth two billion yuan ($294 million) into promoting original content for its live streaming platform, as the internet conglomerate steps up its efforts to connect social networking with live streaming to attract users. Now Live, the live […]

Tencent Holdings Ltd (HKG:0700) HEFFX Highlights Samsung Electronics Co. and Tencent Holdings Ltd. tumbled as a U.S. technology selloff spread to Asia, sparking the biggest drop of the year for a regional index of stocks in the industry. This past week the hardware giant unveiled two new policies that appear directed largely at WeChat, China’s […]

Cathay Pacific Airways Ltd (HKG:0293) HEFFX Summary Shares of Cathay Pacific soared in its best week of trading in almost a year as investors hoped reports of job cuts at Hong Kong’s flagship carrier would trigger a return to profitability. Cathay rose the third-most this week among the Hang Seng Index’s 50 blue chips as […]

Swire Pacific Limited (HKG:0019) HEFFX Highlights As China’s wealthy grow ever more hungry for boutique hotels, Swire Properties plans its third hotel in mainland China, The Middle House. Located in the heart of luxury shopping development HKRI Taikoo Hui in the bustling Jing’an District of Shanghai, the five-star boutique hotel will be the Hong Kong […]

Tencent Holdings Ltd (HKG:0700) A Top Ten Tech Giant Tencent made the top ten behind tech giants Google, Apple, Microsoft, Amazon and Facebook, as well as Visa and AT&T, and was valued ahead of IBM and McDonald’s. Tencent is the first non-US owned company to crack the $100 bn value barrier, after a 27% increase […]

China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of China (Malaysia) Bhd and Industrial and Commercial Bank of China (Malaysia) […]

Industrial and Commercial Bank of China Ltd (HKG:1398) Joins EBS Direct Bank of China opened its Luanda branch in the capital city of Angola on Monday The branch, the first Chinese bank in Angola, will start banking operations on June 6. Chen Siqing, president of Bank of China, as well as some 300 representatives from […]

Tencent Holdings Ltd (HKG:0700) Partners With Fox In its quest to expand its global reach, Tencent Holdings Ltd. has quietly become China’s top corporate investor in Silicon Valley, pouring money into everything from electric cars to moonshot ventures such as space tourism and asteroid mining. Fox International Productions is bolstering its engagement with China’s all-important […]

Galaxy Entertainment Group Limited (HKG:0027) HEFFX Highlights Macau-based casino operator Galaxy Entertainment Group Ltd says it believes it can make “a big impact” if it is awarded a licence to develop a casino resort in Japan. “We believe that Japan has a huge opportunity to create something unique that doesn’t just follow the [Las] Vegas […]

Cheung Kong Property Holdings Ltd (HKG:1113) HEFFX Highlights Cheung Kong Property Holdings will raise the price of its third batch of Ocean Pride apartments by 10 per cent, a week after selling out all 842 of the project’s earlier units, a marketing strategy that underscores the expectation that Hong Kong’s record home prices won’t succumb […]

MTR Corporation Limited (HKG:0066) Technician Dies On Duty Thousands stranded in Hong Kong MTR railway service disruption Rush-hour service affected for hours after overhead cable snaps and knocks out power on key commuter line An MTR technician died in the early hours of Tuesday in an accident while carrying out maintenance work. The 59-year-old man […]

CLP Holdings Limited (HKG:0002) Agreements With Government The power utilities reached an agreement with the government in which the cap on return will be cut to 8 per cent in 2019 CLP Holdings and HK Electric Investments, two income-generating stocks popular among the city’s retirees, are expected by analysts to be able to pay investors […]

Kunlun Energy Company Limited (HKG:0135) HEFFX Highlights Only oil and gas prospector and producer Kunlun Energy has its shares listed overseas, among the six utilities that saw their international debt downgraded. It’s off the electricity grid and therefore not quite the security risk that the other companies present. In terms of EBITDA Yield, Kunlun Energy […]

PetroChina Company Limited (HKG:0857) Protested by Myanmar Nationals PetroChina submitted a development plan of Block 58, in Peru, to state energy agency PeruPetro. The plan calls for drilling 60 wells in six years to tap the 3.9 Tcf gas reserves in the block. The uncertainty lies in the gas pipeline construction, which was suspended as […]

CNOOC Ltd (HKG:0883) Commissioned MAN Diesel CNOOC Ltd (NYSE:CEO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, May 2nd. According to Zacks, “Cnooc Limited is a company that engages primarily in the exploration, development and production of crude oil and natural gas […]

AIA Group Ltd (HKG:1299) HEFFX Highlights AIA Group, a pan-Asian life-insurance group, has announced the extension and expansion of its partnership with Tottenham Hotspur Football Club. Under the new agreement, AIA will be now be recognised by the club as a global principal partner and the AIA brand will continue to feature on shirts of […]

Cathay Pacific Airways Ltd (HKG:0293) HEFFX Highlights Cathay Pacific Airways has denied a report that it is retrenching another 200 employees, a day after the airline said it was cutting 600 jobs in its biggest headcount reduction in almost two decades. “The number of redundancies resulting from the transformation program is around 600, as we […]

Swire Pacific Limited (HKG:0019) Michelle Low New Finance Director of Swire Properties Limited Swire Pacific Limited has announced that Michelle Low, Finance Director of Swire Properties Limited, will be appointed the Finance Director of Swire Pacific with effect from 1st October 2017. Michelle will replace Martin Cubbon, who will be retiring from the Swire group […]

Bank of East Asia Ltd (HKG:0023) HEFFX Highlights Bank of East Asia hopes the worst is behind it Bank of East Asia and other Major banks collaborate on new platform in Singapore Bank of East Asia, offer credit cards to Chinese consumers Bank of East Asia is at the center of a proxy fight between […]

Bank of China Ltd (HKG:3988) $100 Billlion to the Belt and Road BOC creates special team to hasten shipment inspection process Chelsea Logistics signs $220M loan with Bank of China Bank of China given licence to operate in Pakistan by central bank Bank of China has extended credit support of $100 billion to Belt and […]